Having been in the crypto world for ten years, from being beaten by the market as a 'small leek' to finding ways to profit, I have summarized this set of secrets, focusing on being simple and not overthinking. Below, I'll use a down-to-earth approach to unlock the 'lying win' posture in the crypto world!
One, don't let the green scare you.
If the coin price has been green for five consecutive days, don't panic! The market might be playing 'extreme tug-of-war'; wait for the K-line to form a small hammer, as if it's waving at you: 'Come and scoop me up!' Enter in batches, just like ordering takeout to meet the discount; it reduces costs and avoids getting 'cut' by others.
Two, taking profits when it's good is the way.
If your position has been in the green for three days, it's time to take profits! Don't be a 'greedy ghost', take profits in three parts, just like eating hot pot; first scoop a bit of meat to taste, then slowly dip it, and finally eat to your fill before leaving. Otherwise, profits might disappear like the tripe in the pot, gone if you're not careful.
Three, a sudden price surge is a 'danger signal'.
If the coin price suddenly skyrockets by 8%, don't get excited! It's like someone on the street shouting 'free money'; it's likely a trap. Wait for the price to pull back to the 60-day moving average before entering; steady and cautious is the long-term strategy.
Four, good coins are worth waiting for.
Seeing others' coins soar, don't be envious! Strong coins are like popular restaurants; wait for them to 'turn the table' (retrace to the upward trend line) before 'queuing' to enter, so you can enjoy the 'deliciousness' comfortably.
Five, don't hang yourself on one tree.
If the coin price has been 'lying flat' for seven consecutive days, don't stubbornly hold on! Decisively change positions, just like blind dates; if it's not suitable, move on to the next. In the crypto world, sometimes 'changing affections' can lead to true love.
Six, stop-loss must be quick, accurate, and ruthless.
Is your position still losing money on the second day? Don't hesitate, cut your losses quickly! It's like discovering that takeout is bad; throw it away in time to avoid wasting stomach space. Protect your capital, and you'll have a chance to turn things around.
Seven, 'one-night stand' trading.
Establish a position on the first day of price increase, take profit on the second day when it peaks, focusing on 'quick in, quick out'. It's like a 'one-night stand'; enjoy the excitement and then leave, don't linger, or you might easily 'get stuck'.
Eight, trading volume is the 'weather vane'.
A breakthrough on low volume, boldly go long; this is the market making 'big moves'; a divergence of volume and price at high levels, quickly exit, don't wait to 'flip over' before regretting. Understanding trading volume is like learning to read the 'weather forecast', preparing in advance.
Nine, moving averages are the 'GPS'.
The 5-day and 10-day moving averages have crossed; it's suitable for short-term 'speeding'; the 20-day moving average is trending up, initiating a wave 'road trip'; the 120-day moving average has turned, indicating a medium to long-term 'lying win'. Following the moving averages is like using GPS; you won't get lost.
Ten, small businesses can also grow big.
Don't be discouraged if your capital is small! Strictly follow trading discipline, manage your position scientifically; each trade is like setting up a stall, slowly accumulating, and one day you'll be able to 'stand tall'. Remember, in the crypto world, patience and discipline are more important than capital.
The crypto world is like a 'great adventure', full of surprises and scares. Master these ten strategies, approach with a relaxed mindset, and perhaps the next 'winner in the crypto world' will be you.$ETH $BTC #币安Alpha上新 #加密市场反弹